D
ear Sleuthing Home Shopper, You're not alone in wondering if the housing market is becoming less competitive. In recent years, buyers have had to get creative with their offers, often waiving contingencies and paying tens of thousands over asking price. However, our panel of real estate agents says that's changing.

    The market has shifted away from record-low interest rates and a tight supply, making things more balanced overall. While well-priced homes in desirable areas still sell quickly, many others are staying on the market longer, giving buyers more time to view properties and make thoughtful decisions. Sellers are also becoming more open to negotiation, which means you may have more room to maneuver.

    It's essential to work with an agent who understands your local market, as conditions can vary greatly from one area to another. In some places, homes are still selling quickly, while in others, buyers have more time to make offers and negotiate prices.

    One thing remains constant: contingencies like inspection and appraisal are crucial for protecting you from costly surprises and financial risks. Don't waive these without careful consideration.

    The current market is offering more opportunities for buyers, with higher interest rates cooling down demand and inventory increasing. This means you have more breathing room to view properties, make decisions, and negotiate prices. Don't leave money on the table – take advantage of this more balanced market.

    As one agent noted, "It's always a great time to buy a home, but especially right now, it's a phenomenal time." With patience and trust in your real estate professional, you can navigate the market and find the perfect first home.